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Review of Consumer Theory, Closed Economy and World Equilibrium: Chapter 3,4. (unotes2.pdf) 1. Maximizing utility subject to a budget constraint. px/py = MRS.
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Document Date: 2012-04-30 15:05:21
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File Size: 106,56 KB
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Microeconomics
Mathematical optimization
Consumer theory
Pareto efficiency
Consumer choice
General equilibrium theory
Indifference curve
Competitive equilibrium
Community indifference curve
Welfare economics
Review of Consumer Theory, Closed Economy and World Equilibrium: Chapter 3,4. (unotes2.pdf) 1. Maximizing utility subject to a budget constraint. px/py = MRS.